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Onida Electronics Q2 FY26 results: net loss of ₹14.27 crore vs ₹1.35 crore profit, revenue up 100.9%
Onida Electronics Limited reported standalone Q2 FY26 revenue of ₹304.16 crore, up 100.9% from Q2 FY25, but recorded an EBITDA loss of ₹25.34 crore and a net loss of ₹14.27 crore. The results were approved by the board on 12 November 2025, and the filing identifies the company as MIRC Electronics Limited.
Key points
- Revenue was ₹304.16 crore in Q2 FY26, up 100.9% from ₹151.37 crore in Q2 FY25.
- EBITDA was a loss of ₹25.34 crore, compared with ₹5.66 crore in Q2 FY25, while the margin fell 12.0 percentage points to -8.3%.
- Net loss was ₹14.27 crore and basic EPS was -₹0.51, compared with a ₹1.35 crore profit and EPS of ₹0.12 in Q2 FY25.
- Total expenses rose to ₹341.46 crore from ₹151.26 crore, including other expenses of ₹101.70 crore versus ₹15.54 crore.
- Total assets were ₹483.53 crore and total equity was ₹156.69 crore as on 30 September 2025.
How did Onida Electronics perform in Q2 FY26?
Onida Electronics reported standalone revenue of ₹304.16 crore in Q2 FY26, against ₹151.37 crore in Q2 FY25 and ₹140.85 crore in Q1 FY26. The quarter recorded an EBITDA loss of ₹25.34 crore, compared with ₹5.66 crore in Q2 FY25 and a loss of ₹8.04 crore in Q1 FY26. The EBITDA margin was -8.3%, down from 3.7% a year earlier and -5.7% in the previous quarter.
Profit before tax and net loss were each ₹14.27 crore in Q2 FY26, compared with a profit of ₹1.35 crore in Q2 FY25 and a loss of ₹12.49 crore in Q1 FY26. Basic EPS was -₹0.51, against EPS of ₹0.12 a year earlier and -₹0.54 in the previous quarter. The filing provides standalone figures for the quarter and half year ended 30 September 2025.
The board approved the unaudited financial results for the second quarter and half year ended 30 September 2025 on 12 November 2025. The company’s filing was made under the name MIRC Electronics Limited, with the registered office at Onida House in Mumbai.
| ₹ crore | Q2 FY26 | Q1 FY26 | Q2 FY25 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 304.16 | 140.85 | 151.37 | +100.9% | +115.9% |
| Other income | 2.47 | 0.64 | 1.24 | +99.2% | +285.9% |
| Total expenses | 341.46 | 153.98 | 151.26 | +125.7% | +121.8% |
| EBITDA | −25.34 | −8.04 | 5.66 | turned to loss | |
| EBITDA margin | -8.3% | -5.7% | 3.7% | −12.0 pp | −2.6 pp |
| Profit before tax | −14.27 | −12.49 | 1.35 | turned to loss | |
| Tax | 0 | 0 | 0 | ||
| Net profit | −14.27 | −12.49 | 1.35 | turned to loss | |
| EPS (₹) | −0.51 | −0.54 | 0.12 | turned to loss |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Onida Electronics' costs and profit?
Total expenses rose to ₹341.46 crore in Q2 FY26 from ₹151.26 crore in Q2 FY25, an increase of ₹190.20 crore or 125.7%. Other expenses increased by ₹86.16 crore, or 554.4%, to ₹101.70 crore; employee cost rose by ₹12 crore to ₹27.28 crore; finance costs increased by ₹4.82 crore to ₹8.70 crore; and depreciation rose by ₹1.59 crore to ₹3.26 crore.
Cost of materials declined by ₹16.08 crore, or 23.7%, to ₹51.75 crore from ₹67.83 crore in Q2 FY25. Other income rose by ₹1.23 crore, or 99.2%, to ₹2.47 crore from ₹1.24 crore. Tax was unchanged at ₹0 crore, and the quarter included an exceptional gain of ₹20.56 crore.
Against Q1 FY26, total expenses increased by ₹187.48 crore, or 121.8%, to ₹341.46 crore. Other expenses rose by ₹84.39 crore to ₹101.70 crore, cost of materials by ₹33.21 crore to ₹51.75 crore, employee cost by ₹13.55 crore to ₹27.28 crore, finance costs by ₹5.23 crore to ₹8.70 crore, and depreciation by ₹1.64 crore to ₹3.26 crore. Q1 FY26 had no exceptional item.
| ₹ crore | Q2 FY26 | Q2 FY25 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 51.75 | 67.83 | −16.08 | −23.7% |
| Employee cost | 27.28 | 15.28 | +12 | +78.5% |
| Finance costs | 8.70 | 3.88 | +4.82 | +124.2% |
| Depreciation | 3.26 | 1.67 | +1.59 | +95.2% |
| Other expenses | 101.70 | 15.54 | +86.16 | +554.4% |
| Total expenses | 341.46 | 151.26 | +190.20 | +125.7% |
| Other income | 2.47 | 1.24 | +1.23 | +99.2% |
| Tax | 0 | 0 | 0 | |
| Exceptional items | +20.56 (gain) | none |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets were ₹483.53 crore as on 30 September 2025, compared with ₹528.07 crore on 31 March 2025. Total equity increased to ₹156.69 crore from ₹125.72 crore, while borrowings fell to ₹45.42 crore from ₹101.37 crore. Cash and cash equivalents were ₹2.07 crore, compared with ₹4.34 crore. Inventories were ₹184.61 crore and trade receivables ₹99.88 crore, against ₹190.38 crore and ₹152.04 crore, respectively.
Trade payables were ₹176.79 crore as on 30 September 2025, compared with ₹263.70 crore on 31 March 2025. In the H1 FY26 cash flow statement, operating activities used ₹60.59 crore, investing activities provided ₹26.99 crore, financing activities provided ₹31.33 crore and capital expenditure was ₹14.08 crore. The corresponding H1 FY25 figures were operating outflow of ₹2.29 crore, investing inflow of ₹3.97 crore, financing outflow of ₹3.14 crore and capital expenditure of ₹0.17 crore.
| ₹ crore | As of 30 September 2025 | As of 31 March 2025 |
|---|---|---|
| Total assets | 483.53 | 528.07 |
| Total equity | 156.69 | 125.72 |
| Borrowings | 45.42 | 101.37 |
| Cash and equivalents | 2.07 | 4.34 |
| Inventories | 184.61 | 190.38 |
| Trade receivables | 99.88 | 152.04 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY26 | H1 FY25 |
|---|---|---|
| Cash from operations | −60.59 | −2.29 |
| Cash from investing | 26.99 | 3.97 |
| Cash from financing | 31.33 | −3.14 |
| Capital expenditure | 14.08 | 0.17 |
Source: Company's results filing (XBRL).
How has Onida Electronics done over the last 8 quarters?
Revenue reached its highest level in the period shown at ₹304.16 crore in Q2 FY26, while its lowest was ₹140.85 crore in Q1 FY26. Profit after tax was highest at ₹1.55 crore in Q3 FY24 and bottomed at a loss of ₹51.11 crore in Q4 FY24; the latest quarter recorded a loss of ₹14.27 crore. The EBITDA margin peaked at 3.7% in Q2 FY25 and fell to -8.3% in Q2 FY26, after -5.7% in Q1 FY26.
Revenue moved from ₹166.81 crore in Q3 FY25 to ₹200.72 crore in Q4 FY25 and then ₹140.85 crore in Q1 FY26 before rising to ₹304.16 crore in Q2 FY26. The latest direction was therefore higher for revenue, but the EBITDA margin moved lower to -8.3% and profit after tax remained a loss at ₹14.27 crore.
How did Onida Electronics shares react?
The filing was announced after market hours on 12 November 2025. On the reaction day, the stock fell 2.0% from its previous close of ₹26.47; by the next day’s close it was down 0.1% from that pre-results close, and by five sessions it was down 3.6%.
| After the filing | Stock |
|---|---|
| Reaction day | −2.0% |
| Next day | −0.1% |
| 5 days | −3.6% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 13 August 2025 | +1.5% |
| 20 May 2025 | +1.9% |
| 14 February 2025 | −4.2% |
| 13 August 2024 | −5.7% |
| 14 May 2024 | −5.5% |
Source: MarketPing price-reaction measurement.
Quick answers
What was Onida Electronics' revenue in Q2 FY26?
Revenue from operations was ₹304.16 crore, up 100.9% from ₹151.37 crore in Q2 FY25 (standalone).
Did Onida Electronics make a profit in Q2 FY26?
No. It reported a net loss of ₹14.27 crore, against a net profit of ₹1.35 crore in Q2 FY25.
What was Onida Electronics' EPS in Q2 FY26?
Basic loss per share was ₹0.51, against ₹0.12 in Q2 FY25.
How did Onida Electronics shares react to the Q2 FY26 results?
On the reaction day the stock moved −2.0% from the previous close.
When did Onida Electronics announce its Q2 FY26 results?
On 12 November 2025, in a filing to the NSE.
Sources
- Board Meeting Intimation for Approval Of Unaudited Financial Results For The Second Quarter And Half Year Ended 30.09.2025. (BSE, 10 October 2025) · PDF
- Outcome of Board Meeting (NSE, 12 November 2025) · PDF
- Outcome of Board Meeting (NSE, 12 November 2025) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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